Author Archive: clangan

Black Rock Galleries, a Fairfield-based estate liquidator, has purchased a former Agway property in Bethel for $2 million and plans to use the site for its liquidation business, according to the broker involved in the deal.

The property at 74 South St. includes a 10,366-square-foot retail building, a 4,354-square-foot storage structure and a 2,520-square-foot greenhouse on 3.17 acres, property records show.

Black Rock Galleries operates showrooms in Greenwich, Bridgeport and Raleigh, North Carolina.

Grant Panarese said he and his wife, who are co-owners, plan on erecting more buildings on the newly acquired Bethel site and closing their Bridgeport location in 2027.

“That land is underutilized in an industrial zone,” he told the Hartford Business Journal.

The seller, Trio Fund I Portfolio LLC — controlled by New York-based Chad Tredway and Trio Net [...]

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A Springfield, Mass.-based hardware store chain has acquired a former Manchester-based garden center that closed in May.

Rocky’s Ace Hardware, which bills itself as one of the country’s largest family-owned Ace Hardware dealers, acquired the former Smithland Pet & Garden Center location at 33 Adams St. for $2.1 million. The original asking price for the property had been $3 million.

When it  closed, Smithland had a main building on the site of nearly 13,500 square feet as well as just over 5,000 square feet of greenhouse space. Brian Bowler, the director of marketing for Rocky’s, said the main building will be renovated and expanded before Rocky’s opens in the Manchester location in March.

The Manchester store was one of 13 Smithland locations in Connecticut and Massachusetts that closed in May.

The first of those shuttered [...]